EUR/JPY ST: target 151.46


Our pivot point is at 160.32.
Our preference: target 151.46.
Alternative scenario: the upside breakout of 160.32, would call for 163.53 and 165.44.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (158.18) but above its 50 period moving average (157.10).
Supports and resistances:
165.44 **
163.53 *
160.32 **
159.05
157.25 last
153.37
151.46 **
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